Unauthorised credit card transaction in Malaysia!

Today's Star highlighted this on page 14.

I also receiving e-mails from my friends and students on this matter. Seems like they are quite interested in this case. Afterall, the e-commerce final exam paper that was held yesterday contain a question on e-commerce security...if this news come out a few days earlier...I'm sure more students will attempt this questions.

In fact, one of my student already uploaded this news in her blog. You may visit her blog.

Text copied from the Star online:

Nabbed over unauthorised credit card transactions

BY BERNARD SEE

PENANG: He was a university undergraduate who worked part-time at night at an apparel store at Suria KLCC in Kuala Lumpur.

While working at the store, the 20-year-old student managed to obtain his customers’ credit card particulars, which he allegedly used to make online purchases of RM100,000 worth of flat screen computer monitors and PDAs.

The youth, who was studying for an accountancy degree at a university in Kuala Lumpur, allegedly bought the monitors online from a multinational computer vendor based in Bayan Lepas here.

Several credit card-issuing banks lodged police reports with the Commercial Crime Department in Kuala Lumpur when their customers complained about unauthorised transactions.

On Aug 18, the student was arrested at his house in Bandar Sungai Long, Kajang, when he accepted a monitor from a courier company worker who delivered the package in an ambush set up by the police.

Police seized 19 monitors and three PDAs from his house.

Investigations showed that the student, who started work at the store in June, had sold most of the items to a middleman.

Let's this be a learning for everyone.